Instruction

1

In order to select

•

•

**VAT**, you should decide with the principal amount. In this situation two options are possible:•

**VAT**included in the amount, in this case, you have to extract**the VAT**out of it;•

**VAT**is not included in the amount, in this case, need to charge**VAT**on it.2

To select

**VAT**from the amount you need to divide the sum by (100+tax rate) and multiplying on the tax rate. The result is rounded according to mathematical rules to cents. For example, you must select**VAT**from 250 000 RUB., the rate of**VAT**is 18%. 250000 / 118 * 18 = 38135,60 (RUB.)3

To charge

**VAT**is somewhat simpler. In this case, we need to multiply the amount to which it is necessary to charge**VAT**on the tax rate (in decimal terms). The result will be the amount of tax which also should be rounded. For example, it is necessary to charge**VAT**in the amount of 138 000 rbl., the tax rate is 10%. 138000 * 0,10 = 13800 (RUB)4

If you multiply the amount you want to charge

**VAT**, of (1+the tax rate in decimal terms), the resulting amount will already include the tax. Using the data of the last example, will get the final result:138000 * 1,10 = 151800 (RUB)